Fat Cats

The NY Times hits the nail on the head with this:

"I think one of the significant issues of this business that we are all struggling with is that there is an inverse correlation between compensation and drive,” said Mr. X. president of an investment advisory firm. “In many cases the incredible wealth that is created by this incentive compensation structure has a propensity to dull the senses and dull the drive."

You want someone who is hungry and has a vested long-term interest in your portfolio. That is why my clients come to me: the short term skills that lead to long term results.